iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Strong Trading Volume – What’s Next?

iShares California Muni Bond ETF (NYSEARCA:CMF) shares saw an uptick in trading volume on Monday . 1,296,301 shares were traded during trading, an increase of 163% from the previous session’s volume of 492,113 shares.The stock last traded at $56.57 and had previously closed at $56.77.

iShares California Muni Bond ETF Stock Down 0.4 %

The company’s 50 day simple moving average is $57.43 and its 200 day simple moving average is $57.51.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CMF. Ballast Advisors LLC acquired a new stake in iShares California Muni Bond ETF during the third quarter worth about $29,000. CWM LLC purchased a new stake in shares of iShares California Muni Bond ETF during the 3rd quarter worth about $73,000. Larson Financial Group LLC increased its position in iShares California Muni Bond ETF by 100.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,500 shares of the company’s stock worth $87,000 after purchasing an additional 750 shares in the last quarter. PFG Investments LLC purchased a new position in iShares California Muni Bond ETF in the third quarter valued at approximately $202,000. Finally, Watts Gwilliam & Co. LLC acquired a new position in iShares California Muni Bond ETF during the fourth quarter valued at approximately $235,000.

iShares California Muni Bond ETF Company Profile

iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies.